Greetings! We just wanted to send you a reminder that as of April 1, 2024 the servicing of your home loan (the collection of loan payments) has been transferred to BSI Financial Services You likely have some questions so please find below some important information regarding this transfer.
Who do I make my April 1st payment to?
You will pay BSI Financial Services. Send payments to BSI Financial Services, P.O. Box 679002, Dallas, TX 75267.
How do I contact BSI Loan Services?
You can call at 1-800-327-7861 or on the web at https://myloanweb.com/bsi/.
Will my payment change?
No! The terms of your loan will not change as a result of this transfer. Your interest rate and monthly payment amount will remain the same. Should your taxes or insurance change as a result of increased tax assessments or insurance premium changes, BSI Financial Services will notify you of that if/when it occurs.
What if I paid Advisors my April payment in March?
No worries! We processed your payment and credited your account. All your loan records are being transferred to BSI Financial Services.
What if I have auto payments set up?
If you had an auto payment set up for April 1st or after, we have canceled the payment for you. If we receive any checks from your bank, we will forward them on to BSI Financial Services on your behalf.
Will my loan records be transferred to BSI Financial Services?
Absolutely! All your loan records are being transferred, but due to the amount of data, your online account will likely not be available until up to 15 days from the date of transfer.
Will BSI Financial Services continue to pay my taxes and insurance like Advisors did?
Yes, if your taxes and insurance were escrowed with Advisors, BSI Financial Services will continue to collect the same escrowed items as part of your monthly payment and disburse funds on your behalf. This includes all taxes, homeowners insurance, flood insurance, and mortgage insurance.
Can I create an account online? What is BSI Financial Services' website?
Yes, you can at https://myloanweb.com/bsi/, but note all of your records will not be up and running on their system until up to 15 days from the date of transfer.
What if my payment is late to BSI Financial Services?
Banking regulations do not permit payments to be marked late in the first 60 days after a loan servicing transfer takes place. Note that doesn't mean you do not need to make your loan payment; it just means that you cannot be reported as late in the first 60 days after a loan is transferred.
When will I hear from BSI Financial Services?
You can expect to hear from BSI Financial Services by April 5th, 2024 with a welcome package that will be mailed to you.
Can I still call Advisors?
100%! The collection of your loan payments is now being handled by BSI Loan Services, BUT we will be here during and after your loan transfer. We are always happy to help so feel free to reach out to us at 866-380-6060 8:30am - 8:00pm EST Monday - Friday excluding holidays or Servicing@AdvisorsMortgage.com
Advisors is a multi-state mortgage banker that believes in delivering a seamless, stress-free mortgage experience to all of our customers.
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